Source AP ©

Euro bought USD1.4226 in morning European trading

In morning European trading the euro bought US$1.4226 after touching a new all-time high of US$1.4283 early in Asia before slipping back. It was still up from the US$1.4160 it bought late on Friday in New York.

The British pound rose slightly to US$2.0466 from US$2.0454 late Friday, while the dollar rose to purchase 115.47 Japanese yen from 114.74 in New York.

The Canadian dollar, which hit a 31-year high versus the U.S. dollar on Friday of US$1.0091, was down to US$0.9935.

Markets were looking ahead to the Arizona-based Institute for Supply Management's factory index release later in the day for indications as to what the U.S. Federal Reserve's next interest rate move might be.

The Fed is widely expected to cut rates again for the second month in a row in October in an effort to stimulate the flagging U.S. economy.

The dollar's strength was broadly hurt after the Fed last month cut rates by a larger-than-expected half percentage point.

The lower U.S. interest rates, used to jump-start the economy, can weaken its currency as investors transfer funds to countries where their deposits and fixed-income investments bring higher returns.

The U.S. has been running large trade and budget deficits for years - factors that tend to undermine a country's currency in the long term, unless they are offset by foreigners' willingness to invest money in the United States.

Russian Foreign Minister Sergei Lavrov said at a briefing in Beijing that the question about the shipment of S-300 anti-aircraft missile systems to Syria had not been resolved yet. However, Syrian Ambassador to Russia Riyad Haddad said that S-300 missile systems had been delivered to Syria last month

Israel can learn many lessons with the help of Russia's S-300 air defence systems in Syria

Representatives of the Israeli Defence Ministry responded to recent reports about the possible delivery of S-300 SAM systems from Russia to Syria. Israeli Defence Minister Avigdor Lieberman said that Israel would destroy those systems

Israel vows to destroy Russia's S-300 in Syria in case of danger
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